Today's Research on Trending Tickers: Twitter and DISH Network

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Published: May 2, 2017 8:01 a.m. ET

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May 02, 2017 (ACCESSWIRE via COMTEX) -- NEW YORK, NY / ACCESSWIRE / May 2, 2017 / Shares of Twitter soared after it was revealed that the company's CEO purchased more than half a million shares and announced a partnership with Bloomberg for a 24/7 news channel. DISH Network's disappointing earnings report revealed a bigger loss in subscribers than was expected and traders weren't enthused.

Twitter, Inc. shares closed up 6.43% yesterday after investors found out that the company's CEO has purchased more than half a million shares. The optimism from Twitter's CEO created a rally for the stock with shares hitting as high as $17.65 during intra-day trading. The company's CEO Jack Dorsey acquired 574,000 shares of Twitter this past Friday for around $9.5 million. Dorsey has purchased 1 million shares so far this year. Investors were also happy about the new partnership the company announced with Bloomberg. According to The Wall Street Journal, the two companies will launch a streaming video channel that runs all day and every day. There is no name yet for the channel but it is set to launch this fall. Shares of Twitter have gained over 19% in the last five days.

DISH Network Corporation shares slipped in Monday trading and closed in the red down 2.34%. The company's latest earnings report missed on revenue estimates and revealed that DISH lost more subscribers than anticipated. For the first quarter ending March 31st, DISH reported revenue of $3.68 billion, falling short of the $3.78 billion that Thomson Reuter's analysts were looking for. EPS at 76 cents per share came in higher than the 69 cents the Street was looking for but a loss off 143,000 net pay-TV subscribers' disappointed traders. Analysts had an average estimate of a loss of 72,000 subscribers according to FactSet.

The company released a statement and said, "In the first quarter, Dish activated approximately 547,000 gross new pay-TV subscribers, compared to approximately 657,000 gross new pay-TV subscribers in the prior year's first quarter. Net pay-TV subscribers declined approximately 143,000 in the first quarter, compared to a decline of approximately 23,000 in the first quarter 2016. The company closed the first quarter with 13.528 million pay-TV subscribers, compared to 13.874 million pay-TV subscribers at the end of first quarter 2016."

Our Actionable Research on Twitter, Inc.
TWTR, -2.13%
and DISH Network Corporation
DISH, -2.75%
can be downloaded free of charge at Research Driven Investing.

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